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HomeMy WebLinkAboutResolution 64-23RESOLUTION ACCEPTING THE AMOUNTS AND RATES AS DETERMINED BY THE BUDGET COMMISSION AND AUTHORIZING THE NECESSARY TAX LEVIES AND CERTIFYING THEM TO THE COUNTY AUDITOR (CITY COUNCIL) OHIO REVISED CODE, SECTION 5705.34, 5705.35 The Council of the City of DUBLIN , Franklin County Ohio, met in Reaulow session on the | 15* day of — Seplen bev (Regular or Special) 2023, at the office of with the following members present: & YOSO thnshnea lutte Counce) Member Chars Amaorose Guay $ Count Wember Pndy Voghouc Urwiaaas | vont Vic WV low ov De Losa _ moved the adoption of the following Resolution: WHEREAS, This Council in accordance with the provisions of law has previously adopted a Tax Budget for the next succeeding fiscal year commencing January 1, 2024; and WHEREAS, The Budget Commission of Franklin County, Ohio, has certified its action thereon to this Council together withan estimate by the County Auditor of the rate of each tax necessary to be levied by this Council, and what part thereof is without, and what part within, the ten mill tax limitation; therefore, be it RESOLVED, By the Council of the City of DUBLIN Franklin County, Ohio, that the amounts and rates, as determined by the Budget Conimission in its certification, be and the same are hereby accepted: and be it further RESOLVED, That there be and is hereby levied on the tax duplicate of said City the rate of each tax necessary to be levied within and without the ten mill limitation for tax year 2023 (collection year 2024) as follows: Resolution 64-23 SCHEDULE A SUMMARY OF AMOUNTS REQUIRED FROM GENERAL PROPERTY APPROVED BY THE BUDGET COMMISSION, AND COUNTY AUDITOR'S ESTIMATED TAX RATES Amount to be Amount Approved County Auditor's Estimate of Full Tax Derived from by Budget Rate to Be Levied Levies Outside Commission Inside Outside 10 Mill Inside 10 Mill 10 Mill 10 Mill FUND Limitation Limitation Limit Limit Parkland Acquisition $940,078.39 1.35 General Fund Charter Bond Retirement Bond Retirement Charter Palice Pension Palice Operating 566,860.19 1.20 Fire Pension lire Operating Police/Fire Pension Capital Improvement Charter 3,760,313.55 140 Road & Sidewatk Fund TOTAL $566,860.19 $4, 700,391.94 1.75 1.20 and be it further RESOLVED, That the Clerk of this Council be and is hereby directed to certify a copy of this Resolution to the County Auditor of said County. (‘9 uned Wena Alatte called upon its adoption the vote resulted as follows: seconded the Resolution and the roll being fice Mou De Rosa C dunesd Menor lutte | | Q auc \Cypum'd \o\ner Ouwerd Merlo Counc) wre lag Vouncd Member Adopted the _ —I5* | day ¢_Supkeacher wp Ubud an sf: f Conc v Vee wi ce W1 big DUBLIN \\es {‘ranklin County, Ohio. Git re fs CERTIFICATE OF COPY ORIGINAL ON FILE the State of Ohio, Franklin County, ss. i Sj enniser |; R Gad , Clerk of the Council of the City of rw) DUBLIN within and for said County, and in whose custody the Files and Records of said Council are required by the Laws of State of Ohio to be kept do hereby certify that the foregoing is taken and copied from the original Resoluh ar lo-25~ Accephag the Amounts aid Rates as deterred by the , Wan eae md Aodhovizine Ue ona Ti Sd ; County tudakar. now on file, that the foregoing has been compared by me with said original ” Fy Wy How document, and that the same is a true and correct copy thereof. WITNESS my signature, this 254 day of Qpfember , 2023, DUBLIN Franklin County, Ohio.             To: Members of Dublin City Council From: Megan O’Callaghan, PE, City Manager Date: September 19, 2023 Initiated By: Matthew Stiffler, Chief Financial Officer/Director of Finance Meghan Murray, Budget Manager Re: Resolution 64-23 – Accepting the Amounts and Rates and Authorizing Tax Levies Summary Each year, the Franklin County Budget Commission determines the amount of property taxes to be collected and remitted to the City based on the City’s millage rates, both inside and outside the “10 mill limit” as adopted by City Council in the 2024 Tax Budget, Ordinance 14-23. The inside millage rate was established many years ago by the State, and the outside millage is based on the voted levy for police operations. The Resolution Accepting the Amounts and Authorizing Tax Levies will set the rates for 2024. Background The history of the inside millage rates is as follows:  The property tax revenues from the City’s inside millage (also known as “unvoted” millage) rate of 1.75 mills was allocated 100% to the Parkland Acquisition Fund from 2001 – 2006. The Parkland Acquisition Fund can be used to acquire recreation facility sites, open space/greenways, and parkland.  From 2007 – 2009, the City allocated .95 mills of the 1.75 mills to the Parkland Acquisition Fund and allocated the remaining .80 mills to the Capital Improvements Tax Fund. The allocation change in 2007 increased the revenue to the Capital Improvements Tax Fund for the purpose of retiring a portion of the debt issued for the US33/SR 161/Post Road Interchange improvement project. At that time, this modification was said to be an indication of City Council’s emphasis on long-term planning and recognition of the economic development potential of the area surrounding the interchange.  Since the approval of the 2010 – 2014 Capital Improvements Program (CIP), including the proposed 2024 – 2028 CIP currently under review, City Council has authorized the allocation of .35 mills to the Parkland Acquisition Fund and 1.40 mills to the Capital Improvements Tax Fund. In 2010, the allocation to the Parkland Fund was further reduced in order for a portion of the funding to be used to reimburse the General Fund for advances made to acquire right-of-way for the US33/SR161/Post Road Interchange project. During years 2010 and 2011, City Council considered re-allocating the Parkland millage to .8 mills, but in 2012 reconsidered due to the recognition of the benefits and flexibility of allocating more of the inside millage to the Capital Improvements Tax Fund. In addition to the revenue generated from the City’s 1.75 mills from inside millage, the City also receives revenue from 1.20 mills of outside (voted) millage for police operations. This millage was Office of the City Manager 5555 Perimeter Drive • Dublin, OH 43017-1090 Phone: 614-410-4400 • Fax: 614-410-4490 Memo Resolution 64-23 – Accepting the Amounts and Rates and Authorizing Tax Levies September 19, 2023 Page 2 of 2 approved by the voters in June 1976 and permanently renewed in 1981. Revenue received from this levy is credited to the Safety Fund. In tax year 2022 (collection year 2023), it is estimated that approximately $3,311,206 in property tax revenue from the inside millage will be credited to the Capital Improvements Tax Fund and $827,802 to the Parkland Acquisition Fund. As of September 6, 2023, the fund balance in the Parkland Acquisition Fund is approximately $4,693,916. The outside millage that is credited to the Safety Fund for police operations is estimated to generate approximately $550,500 in 2024. The effective rate for the Police operating levy for tax year 2022 (collected in 2023) is .159152 for residential/agricultural property and .278198 for commercial/industrial property. This translates into approximately $5.57 per $100,000 in value on residential/agricultural property and $9.74 per $100,000 in value on commercial/industrial property. The adoption of this Resolution, officially titled Resolution Accepting the Amounts and Rates as Determined by the Budget Commission and Authorizing the Necessary Tax Levies and Certifying them to the County Auditor is required by Section 5705.34 of the Ohio Revised Code. The adopted Resolution is to be filed with the Budget Commission (in Franklin, Delaware and Union Counties) on or before October 1. Recommendation Staff is recommending the adoption of Resolution 64-23 at the September 25, 2023 City Council meeting.